Hello! I am super confused about this question. I am trying to figure out the correct numbers from those blank boxes, and I dont get any right. Please help me! Thank you! :) .... (I click thumbs up if its correct)
Adjusting Entries from Tral Balances The accountant for Eva's Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct. Eva's Laundry Trial Balance May 31, 2019 Unadjusted Adjusted Debit Credit Debit Credit Balances Balances Balances Balances Cash 8,170 8,170 Accounts Receivable 19,820 23,780 Laundry Supplies 3,960 5,820 Prepaid Insurance 5,640 1,520 Laundry Equipment 205,730 199,200 Accumulated Depreciation-Laundry Equipment 52,200 52,200 Accounts Payable 10,450 10,450 Wages Payable 1,310 Eva Baldwin, Capital 120,100 120,100 Eva Baldwin, Drawing 31,200 31,200 Laundry Revenue 196,850 196,850 Wages Expense 53,560 53,560 Rent Expense 27,860 27,860 Utilities Expense 20,180 20,180 Depreciation Expense 6,530 Laundry Supplies Expense 1,860 Insurance Expense 870 Miscellaneous Expense 3,480 3,480 379,600 379,600 384,030 390,910 *4,120 of Insurance expired during the year. Identify the errors in the accountant's adjusting entries, assuming that none of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it blank. Identify the errors in the accountant's adjusting entries, assuming that none of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it blank. Eva's Laundry Adjusted Trial Balance May 31, 2019 Debit Balances Credit Balances Cash 8,170 1 Accounts Receivable 23,780 Laundry Supplies Prepaid Insurance 1,520 205,730 > Laundry Equipment Accumulated Depreciation-Laundry Equipment Accounts Payable 10,450 Wages Payable 1,310 120,100 31.200 Eva Baldwin, Capital Eva Baldwin, Drawing Laundry Revenue Wages Expense Rent Expense Utilities Expense Depreciation Expense Laundry Supplies Expense 27,860 20,180 6,530 1,860 > Insurance Expense Miscellaneous Expense 3,480
